Equity

Hungary Mol discloses details of share split

September 7, 2017, 8:38 am  english version Hungarian version  
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Hungarian oil and gas group Mol has announced that the Court of Registry has registered the 8 for 1 split of the company’s ordinary shares. Mol has also disclosed the schedule of the share split.


The split of 102,428,103 pieces of registered ordinary "A" shares with a par value of HUF 1,000 each resulted in 819,424,824 pieces of registered ordinary "A" shares with a par value of HUF 125, representing an 8-for-1 split in line with the decision taken by the 2017 Mol Annual General Meeting. Subsequently KELER Ltd. issued a new ISIN code for the post-split ordinary "A" shares (new ISIN code: HU0000153937).

Key milestones of the share split


  • The last trading day on the Budapest Stock Exchange of (old) registered ordinary "A" shares with a par value of HUF 1,000 is 25 September, 2017
  • The first trading day on the Budapest Stock Exchange of (new) registered ordinary "A" shares with a par value of HUF 125 is 26 September, 2017
  • The day of the split is 28 September, 2017
  • Shareholders holding registered ordinary "A" shares with a par value of HUF 1,000 on 27 September 2017 on their securities account will be entitled to split Mol shares with a par value of HUF 125 on the day of the split.

Each registered ordinary "A" shares with a nominal value of HUF 1,000 shall be split into eight Mol ordinary shares with a nominal value of HUF 125. The split process takes place automatically, hence no action is required by shareholders. Based on the Warsaw Stock Exchange’s notice the trading of Mol shares on the WSE will be suspended from 26 September, 2017 until 28 September, 2017 inclusive, due to technical reasons.

The MOL ADR ratio of 1 ORD : 2 ADRs will remain unchanged, meaning that the new "A" series ordinary share with a nominal value of HUF 125 (ISIN HU0000153937) will be equal to 2 pieces of MOL ADRs (ISIN: US6084641033 and US60846422023).

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